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22 July 2024 | 22 replies
In the case the way I understood it, if three people get together to form a hard money lending company (say a LLC and each is a member and each contributes X dollars) and they lend you the money - then you are getting money from one company.
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17 July 2024 | 16 replies
Although it's wrong, the courts seem to be upholding that misconstrued notion.
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17 July 2024 | 4 replies
I will contribute money for buying and renovation, and the partner found the deal and will do management of the project, split is 50/50.
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18 July 2024 | 11 replies
General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.
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17 July 2024 | 15 replies
Adam and Zach, Thanks so much for contributing to this conversation and giving everyone so much more to think about.
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18 July 2024 | 9 replies
Jude Children's Research Hospital, and the University of Memphis contribute to job growth, attracting more people to the city.
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21 July 2024 | 64 replies
We’re happy with it. thanks to those who had helpful insights to contribute. peace out ✌🏻
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17 July 2024 | 3 replies
Once you do that, you can always make a equity contribution to your LLC or even a loan from you to the LLC using the money from the loan or line that you personally borrowed.
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19 July 2024 | 6 replies
In most cases, new retail leases come with some amount of concessions from the Landlord which primarily consist of a Free Rent Period to allow the new Tenant to build out their space and a Tenant Improvement Allowance which is a pre-negotiated amount of money that the Landlord contributes to the Tenant to assist with the cost of the build out of the space. a Free rent period can be anywhere form 1 month to 1 year (or more) and a Tenant Improvement Allowance could be $5.00 per square foot or $50.00 per square foot (and in some cases a LOT more).
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18 July 2024 | 40 replies
The city's diverse economy and relatively affordable home prices contribute to its market stability.